Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at BC bookstore costs $ 79.12. You want to test this claim. The null and alternative hypothesis in symbols would be: Ο Ηo: μ > 79.12 H1:µ < 79.12 O Ho:p < 79.12 Н:р> 79.12 O Ho:p = 79.12 Н:р 4 79.12 O Ho:µ < 79.12 H1:µ > 79.12 O Ho:p > 79.12 H1:p < 79.12 Ο Ηo: μ= 79.12 H1:4 + 79.12 The null hypothesis in words would be: OThe average price of all textbooks from the store is $ 79.12 OThe average price of textbooks in a sample is $ 79.12 OThe average of price of all textbooks from the store is greater than $ 79.12. OThe proportion of all textbooks from the store that are less than 79.12 is equal to 50% OThe average of price of all textbooks from the store is less than $ 79.12. The population standard deviation is known to be 10 and based on a sample of 50 textbooks at the store, you find an average of 93.32. The point estimate is: The 95 % confidence interval is: to (to 3 decimals) Based on this we: O Reject the null hypothesis O Fail to reject the null hypothesis

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